Tron Price Analysis (cryptoglobe.com)
Traders may consider selling at key areas with bearish reversal candle as confirmation.
TRON continues in a bearish trend in its medium-term outlook.
The bullish pressure from the long-tail candle pushed the price up to the 38.2 fib area as predicted.
Today’s 4-hour opening candle is bearish at $0.02575 with TRXUSD currently down to $0.02555 in the demand area.
The price is below the two EMAs and heading toward the 0 fib area at $0.02451 in the demand area.
The 1-hour opening candle at $0.02580 sustained the bearish pressure as TRXUSD dropped to $0.02556 in the demand area shortly after opening.
The price is below the two EMAs with the 10-EMAs acting as strong resistance against upward price movement.
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Related story: Bitcoin Hovers Over The $3,450 Mark As Top Cryptos See Slight Losses (cointelegraph.com)
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